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Crude COT Data: WOW ! What a short squeeze...

Crude COT Data: WOW ! What a short squeeze...

One of the biggest short squeezes in crude since quite a few years. A correction now is quite normal but there is no reason till now to be concerned. Still expecting 50+ USD soon. A good leverage on Crude will be the offshore drillers since with crude going above 50 we will see significant short covering at these companies. Guess SDRL0.00%% will go from 2.70 back to the 7-8.00 region....